Kapstone Financial Advisors LLC Has $5.22 Million Position in The Procter & Gamble Company (NYSE:PG)

Kapstone Financial Advisors LLC lowered its stake in shares of The Procter & Gamble Company (NYSE:PG) by 5.7% during the fourth quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The fund owned 31,412 shares of the company’s stock after selling 1,902 shares during the period. Procter & Gamble makes up 2.9% of Kapstone Financial Advisors LLC’s portfolio, making the stock its 6th biggest position. Kapstone Financial Advisors LLC’s holdings in Procter & Gamble were worth $5,222,000 as of its most recent filing with the Securities and Exchange Commission.

Other institutional investors also recently modified their holdings of the company. Exencial Wealth Advisors LLC increased its position in shares of Procter & Gamble by 1.5% in the 4th quarter. Exencial Wealth Advisors LLC now owns 16,023 shares of the company’s stock valued at $2,686,000 after buying an additional 236 shares in the last quarter. Commerzbank Aktiengesellschaft FI raised its position in shares of Procter & Gamble by 71.9% during the fourth quarter. Commerzbank Aktiengesellschaft FI now owns 996,675 shares of the company’s stock worth $167,093,000 after purchasing an additional 416,872 shares during the period. Synergy Investment Management LLC bought a new position in shares of Procter & Gamble during the 4th quarter valued at about $170,000. Pinion Investment Advisors LLC increased its stake in Procter & Gamble by 2.6% during the 4th quarter. Pinion Investment Advisors LLC now owns 5,768 shares of the company’s stock worth $967,000 after purchasing an additional 147 shares in the last quarter. Finally, Bahl & Gaynor Inc. raised its holdings in Procter & Gamble by 1.0% during the 4th quarter. Bahl & Gaynor Inc. now owns 4,161,084 shares of the company’s stock worth $697,606,000 after buying an additional 39,774 shares during the period. 65.77% of the stock is currently owned by institutional investors and hedge funds.

Analyst Upgrades and Downgrades

PG has been the subject of several research analyst reports. Barclays upped their price target on shares of Procter & Gamble from $155.00 to $159.00 and gave the company an “equal weight” rating in a report on Thursday, January 23rd. DA Davidson reiterated a “buy” rating and set a $209.00 target price on shares of Procter & Gamble in a report on Thursday, January 23rd. Stifel Nicolaus boosted their price target on Procter & Gamble from $161.00 to $165.00 and gave the company a “hold” rating in a report on Thursday, January 23rd. Royal Bank of Canada reiterated a “sector perform” rating and set a $164.00 price objective on shares of Procter & Gamble in a report on Thursday, January 23rd. Finally, Piper Sandler dropped their target price on Procter & Gamble from $173.00 to $172.00 and set a “neutral” rating on the stock in a research report on Monday, February 24th. Seven investment analysts have rated the stock with a hold rating, thirteen have given a buy rating and two have issued a strong buy rating to the company. According to data from MarketBeat, the company has a consensus rating of “Moderate Buy” and an average target price of $181.11.

Insider Activity

In other news, CEO Gary A. Coombe sold 18,000 shares of the company’s stock in a transaction that occurred on Tuesday, February 25th. The stock was sold at an average price of $171.66, for a total value of $3,089,880.00. Following the transaction, the chief executive officer now owns 22,051 shares of the company’s stock, valued at approximately $3,785,274.66. This represents a 44.94 % decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this link. Also, insider Marc S. Pritchard sold 90,450 shares of the company’s stock in a transaction on Thursday, January 23rd. The shares were sold at an average price of $163.84, for a total value of $14,819,328.00. Following the completion of the transaction, the insider now directly owns 172,814 shares in the company, valued at approximately $28,313,845.76. This represents a 34.36 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders have sold 143,450 shares of company stock valued at $23,988,008 over the last ninety days. 0.18% of the stock is currently owned by company insiders.

Procter & Gamble Stock Performance

Shares of PG opened at $175.50 on Tuesday. The company has a debt-to-equity ratio of 0.50, a current ratio of 0.76 and a quick ratio of 0.55. The firm has a 50-day moving average of $166.44 and a 200-day moving average of $169.61. The company has a market cap of $411.52 billion, a PE ratio of 27.95, a price-to-earnings-growth ratio of 3.76 and a beta of 0.45. The Procter & Gamble Company has a one year low of $153.52 and a one year high of $180.43.

Procter & Gamble (NYSE:PG) last announced its quarterly earnings results on Wednesday, January 22nd. The company reported $1.88 earnings per share for the quarter, topping analysts’ consensus estimates of $1.86 by $0.02. Procter & Gamble had a return on equity of 33.00% and a net margin of 18.35%. The firm had revenue of $21.88 billion for the quarter, compared to the consensus estimate of $21.66 billion. During the same quarter in the previous year, the business earned $1.84 earnings per share. The business’s revenue was up 2.1% compared to the same quarter last year. As a group, equities analysts forecast that The Procter & Gamble Company will post 6.91 earnings per share for the current year.

Procter & Gamble Dividend Announcement

The business also recently disclosed a quarterly dividend, which was paid on Tuesday, February 18th. Shareholders of record on Friday, January 24th were issued a $1.0065 dividend. The ex-dividend date of this dividend was Friday, January 24th. This represents a $4.03 annualized dividend and a dividend yield of 2.29%. Procter & Gamble’s dividend payout ratio is currently 64.01%.

Procter & Gamble Company Profile

Procter & Gamble Co engages in the provision of branded consumer packaged goods. It operates through the following segments: Beauty, Grooming, Health Care, Fabric and Home Care, and Baby, Feminine and Family Care. The Beauty segment offers hair, skin, and personal care. The Grooming segment consists of shave care like female and male blades and razors, pre and post shave products, and appliances.